The euro zone fell into a recession in July-September, the second since the global financial crisis in 2009, as French resilience could not make up for a slump across Europe and the three-year debt crisis slowed Germany to a crawl.
Electronics and IT firms based in the Jebel Ali Free Zone (Jafza) generated trade worth Dh51 billion ($13.88 billion) in 2009, compared to Dh35 billion in 2005, registering a compound annual growth rate (CAGR) of 8.5 per cent.
Bond and sukuk issues across the GCC totalled $57 billion in 2010, marking a decrease of 27.6 per cent over 2009, said a report.
October witnessed the highest issuance frequency and value with 23 issuances raising a total of $9.1 billion,
Kuwait's nominal gross domestic product fell 21.2 per cent last year, following a 22.7 per cent rise in 2008, central bank data showed on Thursday.
The nominal GDP of Kuwait, the world's fourth largest oil exporter, dropped to KD31.5 billi
The value of top plastic films, including polypropylene, PET and PVC, exported by Dubai in 2009 reached Dh304 million ($82.79 million), said a report.
“Dubai has experienced exceptional growth in the trade of, not only plastic, but a diver
Egypt's economy is expected to grow by five to 5.5 per cent in fiscal year 2009/10, which ends on June 30, the investment minister said on Tuesday.
The government previously said the economy could expand by 5.3 per cent this year, after gr
First Bahrain, a leading Kuwaiti real estate development company, has posted a loss of KD2.41 million ($8.27 million) in 2009, which it attributed solely to a conservative reduction in the value of its land bank in Bahrain.
“Despite this l
Egypt's South Valley Cement posted 2009 net income of EGP151.8 million ($27.5 million), up from EGP6.5 million in 2008, the stock exchange said on Thursday.
The exchange gave no other details.
Shares in South Valley Cement were tra
Bahrain-based First Energy Bank (FEB), a leading Islamic investment bank, posted profits of $14.2 million for 2009 at its third annual general meeting held today (March 30).
The bank’s total revenues increased to $47.41 million, and total
Egypt's Raya Technology and Communication made a net profit of EGP41.3 million ($7.5 million) in 2009, down 23 per cent on a year earlier, the stock exchange said on Tuesday.
The firm, which sells mobile handsets, runs call centres and pro